Table of Contents
- 1 What Is XLM?
- 2 XLM Price History
- 3 XLM Price Predictions 2019?
- 4 XLM Price Predictions In 2020?
- 5 Is XLM a Good Investment?
- 6 Conclusion
What Is XLM?
Stellar’s ICO PlatformStellar also has a striking ICO platform which up-and-coming cryptocurrencies are using to launch new projects. One of the biggest ICOs on Stellar’s exchange is Irene Energy, which can be thought of almost as a Tinder for energy sources. Using Irene, you can decide what source you get your energy from, such as solar panels, generators, and even your neighbor!
Jed McCalebIn 2014, Jed McCaleb was still working at Ripple Labs, and it had been 7 years since he founded the website Mt. Gox. Mt. Gox fell victim to a Bitcoin hack (the second biggest hack of all time) where the attackers made off with 460 million dollars’ worth of Bitcoin back in 2014!
Source: wikipediaAccording to a New York Observer article from 2015, Jed McCaleb’s name being associated with Ripple nearly closed Ripple’s operating business account at Wells Fargo. This was due to hack that happened on Mt. Gox. Whether or not McCaleb had anything to do with Mt. Gox, we don’t know. However, what we do know is that his reputation was completely tarnished after the attack and the proceeding bankruptcy.
Stellar and IBMSince Stellar was launched, McCaleb has already established a working partnership with one of the largest tech companies in blockchain, IBM. IBM and Stellar already have a working blockchain product that uses Stellar Lumens in the South Pacific. The project connects retailers in some of the most isolated islands in the Pacific Ocean. This partnership is exciting because it is already in motion. It is not some tokenistic, false partnership that is there to impress you. Jed McCaleb is doing big things with some of the biggest names in blockchain — which is very exciting for Stellar Investors!
XLM Price History2017 was a breakout year for Stellar Lumens. The price of Stellar in April 2017 was well below 1 cent ($.002USD to be exact). It started to gain some attention in May and over the summer it went as high as 4 cents! It wasn’t until December 2017 that it started to pick up some serious steam. It’s the highest point in December was $.31 cents. Then in January 2018, Stellar went even higher, growing to its all-time high of $.93 cents. Due to regulations, as well as several other factors, the cryptocurrency market on a whole has dropped, and Stellar is no exception. However, this could potentially be the perfect time to buy Stellar. Many analysts seem to have high expectations in their XLM price predictions, saying that the price will not only recover, but recover big!
XLM Price Predictions 2019?After surveying 7 of some of the leading XLM price predictions, I found that most professionals predict that the price of XLM will only go up this year and well into the future! Let’s take a look at some, shall we?
Altcoin ForecastIn the months of May and June, Altcoin Forecast predict that XLM will gain about 35% against a Bitcoin. Compared to its current value of 0.00002935 Satoshi’s, this forecast service expects the price to reach as high as 0.00004664 Satoshis.
Wallet InvestorWallet Investor updates prices and predictions every 3 minutes using the latest technical analysis. As it currently stands, the site includes a 1-Year Forecast of $0.351, and a 5-Year Forecast of $0.974. This stands slightly lower than the first prediction, however, this price would still offer you a ROI (return on investment) of 5x if you invest at the current price.
Investing HavenThe price forecast at Investing Haven is very optimistic, predicting that Stellar could be worth $4 this year. The team says that this is an achievable XLM price prediction as long as there aren’t any major security flaws and the overall sector performs well.
Monetize.infoMonetize believe that Stellar’s major partnerships will be the reason behind an upcoming price surge, which the forecaster says will result in XLM’s price reaching $2-$3. Monetize is not wrong about the high-profile partnerships. Beyond IBM, Stellar’s partners include Stripe, Deloitte, and ICI Bank.
Crypto News Powered by Oracle TimesFor this and other $1.00 XLM price predictions, Oracle Times pointed to IBM adding 8 new validators to the network back in December. Jed McCaleb’s announcement about 30 banks partnering with Stellar was also cited in the article. In addition to the banks and IBM’s validators, partnerships with SatoshiPay, Mobius, and Hashcash (among others) were also mentioned. Crypto News predicted that the price of Stellar could hit the $1 point as early as January 2018, and it nearly did around January 3rd – 4th when it reached a height at $0.94. The price, however, has fallen significantly since then.
XLM Price Predictions In 2020?The following predictions are two very different, highly speculative price predictions. Do not let either one of these XLM price predictions scare you or cause you to become too excited. Remember, crypto is incredibly volatile, the prices can be up one moment and down 50% the next. So, please read and act with caution.
JIO PhoneThis Cryptocurrency forecaster has a very optimistic future predicted for XLM price predictions in 2019, all the way up until 2020. They say that the prediction for April 2020 is $8.08, moving even higher to over $12.00 towards the end of the summer in 2020. Going even further into the future, the website predicts that the coin will reach $50 USD by December 2021. Now, wouldn’t that be epic for investors!
INTERESTING FACTStellar has a proven model unlike Ethereum as it already has the unique technology to issue any asset directly!
The Economy Forecast AgencyThis website predicted that in 2019 the Stellar price prediction will drop to $0.15 from where it currently stands at $0.19. The website also has its own price prediction for 2020, which says Stellar will see a high of $0.64 in 2020. This, quite clearly, is by far the most conservative and pessimistic of XLM’s price predictions. Please note that these forecasts can change because, as mentioned, the forecasting model uses historical trends when they are calculating price predictions. This means that the tools they use are constantly updating information as new prices come in. So, it seems as if most analysts have predicted a positive outcome for Stellar’s short and long-term future.
Is XLM a Good Investment?According to a recent post by Data Driven Investor, when Venture Capitalists sink money into a company, two of the most important questions they ask themselves are these: 1) Are there some easily identifiable uses for the product? 2) What kind of team does this company have behind it? Stellar knocks both of those questions out of the park and certainly has a great use case and a solid team. Throughout all these XLM price predictions, some of the same three things continued to appear — the technology behind the Stellar blockchain, the development team, and the partnerships.
Jed McCaleb’s Accomplishments
Ripple’s co-founder Jed McCaleb | Source: ripplecoinnews